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Monrovia

Learn about the people, housing, costs and businesses in Monrovia, California

Median Home$554,778
Median Rent$1,647/month
Population84,330
Leading IndustriesTransportation · Manufacturing · Professional Services3% transportation
Home Value Growth+10.6% over 2 years
Young Adults26% of residents
Homeowners66% of occupied units
NotableHigh Incomes$88k/year · top 27% nationally
Monrovia
CA

Frequently Asked Questions

What are today's mortgage rates in Monrovia?

As of today, the 30-year fixed mortgage rate for Monrovia is approximately 6.847% (6.881% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Monrovia?

The median home value in Monrovia is $555k. The median monthly rent is $1,647. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Monrovia?

Home values in Monrovia have increased 10.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Monrovia?

Based on a typical all-in ownership cost of $1,607/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $69k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Monrovia is $88k/year.

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What industries drive the economy in Monrovia?

The largest employment sectors in Monrovia are public administration (22%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.